The two high courts released typical cases of concealing criminal proceeds: three people were sentenced to fixed-term imprisonment and fined in a virtual currency-related case

ChainCatcher news, according to the official account of the Supreme People's Procuratorate, on August 27, the Supreme People's Court and the Supreme People's Procuratorate ("Two Highs") released typical cases of punishing the concealment and hiding of criminal proceeds and the crimes of criminal proceeds, accurately identifying crimes committed by means such as virtual currency to conceal and hide criminal proceeds. The case of "An Certain et al. Concealing and Hiding Criminal Proceeds" was selected. In this case, the three defendants assisted criminals in transferring large amounts of funds on a digital currency trading platform and used funds transferred from others into bank card accounts to purchase virtual currency. The verified amount of money defrauded from victims totaled over 500,000 yuan, with serious circumstances, and all were sentenced to fixed-term imprisonment and fined.